Med Spa Startup Cost Comparison

Elk Grove, CA vs Miami, FL

Elk Grove, CA

$206,000 - $592,000

COL Index: 115.6

VS

Miami, FL

$221,000 - $650,000

COL Index: 128.3

Detailed Cost Comparison

Expense Elk Grove, CA Miami, FL Difference
Business Registration & Medical Licensing
$2,600 - $10,000 $2,600 - $10,000 Same
Commercial Lease (First + Last + Security)
$12,500 - $54,800 $23,500 - $102,700 -47%
Medical & Aesthetic Equipment
$80,000 - $200,000 $80,000 - $200,000 Same
Initial Injectable & Product Inventory
$15,000 - $50,000 $15,000 - $50,000 Same
Medical Build-Out & Compliance
$43,200 - $129,600 $43,200 - $129,600 Same
Business & Medical Malpractice Insurance
$8,000 - $25,000 $8,000 - $25,000 Same
Marketing & Patient Acquisition
$10,000 - $30,000 $10,000 - $30,000 Same
Working Capital (3 Months)
$34,700 - $92,500 $38,500 - $102,600 -10%
Total Estimated Cost $206,000 - $592,000 $221,000 - $650,000 -8%

Local Market Factors

Factor Elk Grove Miami
Cost of Living Index 115.6 128.3
Commercial Rent ($/sqft/yr) $16 - $32 $25 - $65
Labor Rate Index 1.08 1.08
Sales Tax 8.75% 7%
Minimum Wage $16.00/hr $13.00/hr
LLC Filing Fee $70 $125

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